DFAN14A 1 salomondfan14a-102105.txt OCTOBER 21, 2005 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant |_| Filed by a Party other than the Registrant |X| Check the appropriate box: |_| Preliminary Proxy Statement |_| Preliminary Proxy Statement |_| Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e) (2)) |_| Definitive Proxy Statement |X| Definitive Additional Materials |_| Soliciting Material Pursuant to Rule 14a-11 (c) or Rule 14a-12 THE SALOMON BROTHERS FUND INC. ------------------------------------------------------------------------ (Name of Registrant as Specified in Its Charter) Elliott Associates, L.P. and Elliott International, L.P. ------------------------------------------------------------------------ (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box): |X| No fee required. |_| Fee computed on table below per Exchange Act Rules 14a-6(i) (1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it is determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: |_| Fee paid previously with preliminary materials: |_| Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11 (a) (2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. (1) Amount previously paid: (2) Form, Schedule or Registration Statement no.: (3) Filing Party: (4) Date Filed: [ELLIOTT ASSOCIATES, L.P. LETTERHEAD] For More Information Contact: Scott Tagliarino (212) 506-2999 (917) 922-2364 (cell) ELLIOTT STATEMENT ON POSTPONEMENT OF THE SALOMON BROTHERS FUND SPECIAL STOCKHOLDERS' MEETING NEW YORK (October 21, 2005) - Elliott Associates, L.P. and Elliott International, L.P. (collectively "Elliott"), who together are reportedly the largest stockholder of The Salomon Brothers Fund Inc (NYSE: SBF), today made the following statement regarding the postponement of the SBF Special Stockholders' Meeting until November 15, 2005, to consider the approval of a new management agreement. The approval is in connection with the pending transaction between Citigroup Inc. (NYSE: C) and Legg Mason, Inc. (NYSE:LM). Elliott is a long-term investor and the beneficial owner of 5.88 million shares, or approximately 6%, of SBF. "We are gratified by the continuing strong support we have received from institutional and retail stockholders. Elliott supports the decision by the Board of Directors of The Salomon Brothers Fund to postpone the Special Meeting of Stockholders until November 15. We remain prepared to meet with the Board during this period in an effort to have the Board implement a strategy to eliminate or nearly eliminate the discount to net asset value." About Elliott Associates, L.P. Elliott Associates, L.P. and its sister fund, Elliott International, L.P., have more than $5.5 billion of capital under management. Founded in 1977, Elliott Associates is one of the oldest funds of its kind under continuous management. # # #